Benjamin Zycher on ESG (Environmental, Social, & Governance Responsibility): ‘A blatant effort to use private-sector resources for ideological purposes’
Read the fabulous Ben Zycher‘s even more fabulous House testimony on the ongoing climate communist bid to convert corporate America into useful idiots via ESG (Environmental Social and Governance), which used to be called CSR (Corporate Social Responsibility).
Zycher to Congress: "The campaign for ESG (Environmental, Social, & Governance Responsibility) investment and disclosure is a blatant effort to use private-sector resources for ideological purposes, in the context of the unwillingness of the Congress to enact such policies as an outcome of the legislative bargaining process." ...
“Sustainability” is poorly defined, so that its objectives are limitless, and the Memorandum fails to tell us how to evaluate the inexorable tradeoffs among them and with the traditional business objective of value maximization." ...
"One could easily imagine that such self-protective “disclosures” might run thousands of pages, with references to thousands more, and the idea that this “disclosure” requirement would facilitate improved decision making by investors is difficult to take seriously."
By Steve Milloy
Read the fabulous Ben Zycher‘s even more fabulous House testimony on the ongoing climate communist bid to convert corporate America into useful idiots via ESG (Environmental Social and Governance), which used to be called CSR (Corporate Social Responsibility).
Click to access ESG-House-Finance-K-Mkts-sub-Zycher-March-2021.pdf
